PETALING JAYA: Lafarge will receive net proceeds of 141 million euro (RM565mil) from the sale of 11.2% in Lafarge Malayan Cement Bhd
(LMCB) by way of a placement done on Bursa Malaysia Securities Bhd, according to a statement via Business Wire.
“Lafarge keeps the management control of the Malaysian activities and remains the majority shareholder with a 51% controlling shareholding in LMCB via its subsidiaries, Lafarge Cement UK plc and Associated International Cement Ltd,” it said.
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